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Welcome to the first edition of Why Invest... Phuket, a brand new publication prepared by Raimon Land's research team. This document provides the latest facts, figures and trends relating to the island of Phuket, so investors are equipped with quantifiable tools to use in their decision making.
Key Conclusions from the document are as follows:
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Upmarket tourism destination with 2.85 million passenger arrivals to Phuket International Airport in 2007. Expectations of more than three million by year end 2008. Phuket has proven its resilience, facing major issues in the past. We believe political confusion will only have a short-term impact on the island
- Great infrastructure plans. Golf courses, marinas, hospitals, schools, shopping malls and a major airport renovation are all boosting investment into the island. Local government is giving full support to encourage infrastructure projects and to position Phuket as the home of some of the world’s most luxurious accommodation, condominiums and villas
- Booming property sector, new hotel plans, acquisitions and upgrades. New condominiums and villa developments have popped up on the island over the past four years. Prices for condominiums are now averaging THB101,203 per square metre, roughly doubling since early 2005
- Global interest from the United Kingdom, North America, Scandinavia and Australia. Emerging interest from Russia and China. A large pool of different nationalities. Considering the international brands investing in Phuket’s hotel market and the diversity of nationalities buying Raimon Land developments, there is no doubt Phuket is set to experience long-term growth in the real estate sector
- Solid yields and capital gains are to be expected. Both Thais and foreigners can buy freehold condominiums in Phuket, and leverage their investment throughout the construction period with attractive payment structures. Rental yields are ranging from 6-10% per annum and buyers are enjoying sound capital increases
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